West Virginia Lottery

WVLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue May 12, 2026 is estimated to be $232 Million, with a cash option of 103.8 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of West Virginia, your state will take 6.5% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

West Virginia MEGA Millions Jackpot/Cash Option for Tue May 12, 2026

Draw Date	Jackpot	Cash Option
Tue May 12, 2026	$232,000,000	$103,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$103,800,000
Federal Tax(24%)	$24,912,000
Additional Federal Tax	$13,454,330
State Tax(6.5%)	$6,747,000
Net Lumpsum Payment	$58,686,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,491,832	-$1,252,308 -$226,969	$2,012,555
2	$3,666,528	-$1,316,946 -$238,324	$2,111,258
3	$3,849,808	-$1,384,759 -$250,238	$2,214,811
4	$4,042,368	-$1,456,007 -$262,754	$2,323,607
5	$4,244,440	-$1,530,773 -$275,889	$2,437,778
6	$4,456,720	-$1,609,317 -$289,687	$2,557,716
7	$4,679,440	-$1,691,723 -$304,164	$2,683,553
8	$4,913,528	-$1,778,336 -$319,379	$2,815,813
9	$5,159,216	-$1,869,240 -$335,349	$2,954,627
10	$5,417,200	-$1,964,694 -$352,118	$3,100,388
11	$5,687,944	-$2,064,870 -$369,716	$3,253,358
12	$5,972,376	-$2,170,110 -$388,204	$3,414,062
13	$6,270,960	-$2,280,586 -$407,612	$3,582,762
14	$6,584,624	-$2,396,641 -$428,001	$3,759,982
15	$6,913,832	-$2,518,448 -$449,399	$3,945,985
16	$7,259,512	-$2,646,350 -$471,868	$4,141,294
17	$7,622,360	-$2,780,604 -$495,453	$4,346,303
18	$8,003,536	-$2,921,639 -$520,230	$4,561,667
19	$8,403,736	-$3,069,713 -$546,243	$4,787,780
20	$8,823,888	-$3,225,169 -$573,553	$5,025,166
21	$9,265,152	-$3,388,437 -$602,235	$5,274,480
22	$9,728,456	-$3,559,859 -$632,350	$5,536,247
23	$10,214,728	-$3,739,780 -$663,957	$5,810,991
24	$10,725,592	-$3,928,799 -$697,163	$6,099,630
25	$11,261,744	-$4,127,176 -$732,013	$6,402,555
26	$11,825,040	-$4,335,595 -$768,628	$6,720,817
27	$12,416,176	-$4,554,316 -$807,051	$7,054,809
28	$13,037,008	-$4,784,023 -$847,406	$7,405,579
29	$13,688,928	-$5,025,234 -$889,780	$7,773,914
30	$14,373,328	-$5,278,462 -$934,266	$8,160,600